euro adhoc: Lintec Information Technologies AG
quarterly or semiannual
financial statement
Ad hoc announcement by LINTEC Information Technologies AG
(Securities Code Number A0EZF1, ISIN DE000A0EZF12) in accordance with Section 15
German Securities Ac
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
11.11.2005
In the first nine months of 2005, LINTEC AG generated turnover of EUR5 million (compared to EUR11.6 million in the same period last year), resulting in negative earnings of EUR2.1 million (compared to a loss of EUR3.2 million in Q1-3 2004). Compared with the first nine months of 2004, personnel costs were slashed by EUR1 million, while other costs were reduced by EUR354,000.
Once again, turnover in Q3 2005 dropped over Q3 2004. The factors accounting for decline during Q2 2005 continued to prevail during the following three-month period. For one thing, LINTEC was unable to escape seasonal influences with corporate investment being characterised by the same level of caution. Moreover, LINTEC´s operating business continued to suffer from a shortage of liquidity since the operating loan announced only became available at the end of September (i.e. at the end of the period under review). Consequently, the company was unable to keep up with all its orders.
Given the capital increase carried out in September, the approval of the operating loan and the guarantee issued by the Saxon government, LINTEC's CEO views the future with optimism. The aim is to achieve turnaround in either Q4 2005 or Q1 2006 at the latest.
Key income statement 1 Jan to 1 Jan to Change figures (EUR´000) 31 Sep 2005 31 Sep 2004 Turnover 5,017 11,615 -56.8% EBITDA (2,094) (3,192) -34.4% EBIT (2,507) (3,975) -36.9% Pre-tax profits (EBT) (2,661) 10,280 Group loss for the period (2,649) 10,217 Earnings per share (EUR1.11) (EUR4.88)
When comparing the figures, it must be borne in mind that in the same period last year income was raised from the sale of Apoll Information & Software AG. The earnings per share have been adapted accordingly for the period under review and the same period last year in the light of the capital reduction that took place in June 2005.
The complete interim report on Q3 2005 can be downloaded from the company´s website www.lintec.de as of 10 November 2005, and can also be requested from the company directly.
end of announcement euro adhoc 11.11.2005 08:37:50
Contact:
34298 71607, Fax: +49 (0) 34298 71372, Email: aktie@lintec.de, Web: www.lintec.de
Branche: Computing & Information Technology
ISIN: DE0006486004
WKN: 648600
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
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